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Chip stocks Silicon Motion, others advance on earnings news. * PATRICK SEITZ * Updated 05:41 PM ET 10/29/2026 Chip stocks getting a lift from positive earnings reports on Thursday included Entegris (ENTG), Impinj (PI) and Silicon Motion (SIMO). Those three stocks also are on the IBD Tech Leaders list. Playing Defense: How To Know When To Cool Your Jets In a market where traditional setups look promising only to undercut key levels and trigger stops, playing defense isn't just an option. It's an essential survival skill. In this episode, Connor Bates, Portfolio Manager of the TURBOTECTION strategy at Revere Asset Management, dissects how to protect capital when price action gets frustratingly tight and deceptive. Playing Defense: How To Know When To Cool Your Jets See All Videos Entegris, a supplier of advanced materials and process solutions for the semiconductor industry and other high-tech businesses, reported its third-quarter results early Thursday. The Billerica, Mass.-based company earned an adjusted $1.23 a share, up 71% year over year, on sales of $1.01 billion, up 25%. Analysts polled by FactSet expected earnings of $1.03 a share on sales of $925 million in Q3. On the stock market today, Entegris stock rose 0.4% to close at 160. Entegris is in an 18-week consolidation pattern with a buy point of 186.94, according to IBD MarketSurge charts. That buy point is also the stock's all-time high, reached on June 22. Elsewhere among chip stocks, Impinj rose 3.4% to end the regular session at 182.55. The maker of chips and systems for tracking inventory and assets posted its third-quarter numbers late Wednesday. Impinj earned an adjusted 69 cents a share, up 19% year over year, on sales of $112.1 million, up 17%, in Q3. Analysts were looking for earnings of 61 cents a share on sales of $107.2 million. Silicon Motion stock moves higher. Silicon Motion rose 3.7% to 227.75 on Thursday. The Hong Kong-based maker of Nand flash memory controllers for solid-state storage devices posted its Q3 results late Wednesday. Silicon Motion earned an adjusted $4.35 per U.S. share on sales of $560.2 million in the September quarter. Analysts had expected earnings of $3.30 a share on sales of $529 million. On a year-over-year basis, Silicon Motion earnings soared 335% while revenue jumped 131%. Meanwhile, the Philadelphia semiconductor index, known as SOX, dropped 1.4% on Thursday. The SOX includes the 30 largest chip stocks traded in the U.S. The biggest decliner on the SOX was Marvell Technology (MRVL), which slid 13.2% to 218.34 on a report that it might try to acquire Lumentum (LITE). Follow Patrick Seitz on X at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. YOU MAY ALSO LIKE:

Impinj Q3 earnings call highlights. October 28, 2026 Key points. * Record Q3 performance: Impinj reported revenue of $112.1 million, up 17% year over year, driven by 24% growth in endpoint IC revenue to a record $97.3 million and strong demand for its M800 products. * Capacity constraints persist: Demand and bookings remain strong, but bottlenecks in wafer post-processing are limiting supply. Impinj plans to accelerate back-end capacity investments over the next two quarters and expects higher capital expenditures in early 2027. * Positive near-term outlook: The company forecast fourth-quarter revenue of $104 million to $107 million and expects gross margin to improve by roughly 100 basis points sequentially, supported by M800 and specialty IC sales. Software remains in beta with modest revenue expected initially, while food-related applications represent a longer-term growth opportunity. * MarketBeat previews the top five stocks to own by November 1st. Impinj NASDAQ: PI reported record third-quarter revenue as demand for its endpoint integrated circuits, particularly its M800 product family, remained strong across retail, supply chain and logistics, and emerging food-related applications. Revenue for the third quarter of 2026 reached $112.1 million, up 3% sequentially and 17% from a year earlier, CFO Cary Baker said. The result surpassed the company's prior quarterly record despite the absence of licensing revenue that contributed to the prior quarter. Third-quarter endpoint IC revenue rose 24% year over year to a record $97.3 million. Systems revenue, which includes readers and gateways, increased 23% sequentially to $14.8 million, though it declined 15% from the year-ago period. Endpoint Demand and capacity expansion. Co-founder and CEO Chris Diorio said M800 demand, resilient retail activity, lighthouse-account growth and momentum for Gen2X technology contributed to record results. The company also cited a custom ASIC conversion by a supply chain and logistics end user and strength from a European retailer. However, Diorio said Impinj was unable to get ahead of market demand as it ramps back-end wafer post-processing capacity. The company has sufficient wafer supply and support from its wafer foundry partner, he said, but faces tight capacity in shared post-processing stages, including thinning, bumping, dicing and testing. "We will continue ramping our back end at an elevated pace for at least the next two quarters to meet the growing demand," Diorio said. Baker said bookings remained strong in the third quarter, with a book-to-bill ratio above one. Some customers are placing orders into the first quarter of 2027, contributing to increased backlog. Impinj expects capital expenditures to rise in the first quarter of 2027 as it invests in throughput, site diversification and capacity. The company said its overall 2027 capital intensity is expected to return to its long-term model following lower spending in 2025 and 2026. Margins, earnings and balance sheet. Third-quarter gross margin was 54.9%, compared with 60.9% in the prior quarter and 53% a year earlier. The sequential decline primarily reflected second-quarter licensing revenue, while the year-over-year improvement was driven by a greater contribution from M800 products. Excluding licensing revenue, product gross margin rose 130 basis points sequentially. Operating expenses were $37 million, including $21.5 million in research and development, $7.6 million in sales and marketing, and $7.9 million in general and administrative expense. Adjusted EBITDA was $24.5 million, with an adjusted EBITDA margin of 21.9%. GAAP net income was $4.7 million, while non-GAAP net income totaled $22.1 million, or $0.69 per diluted share. Impinj ended the quarter with $228.3 million in cash equivalents and investments, down from $263.7 million at the end of the second quarter. Inventory declined $8.1 million sequentially to $83.4 million. Free cash flow was $20.6 million, and capital expenditures were $5 million. During September, the company repurchased $56.3 million in aggregate principal amount of its 1.125% convertible notes due in May 2027, using a combination of cash and shares. Baker said the transaction reduced potential dilution by roughly 300,000 shares. Impinj also elected cash settlement for its capped call maturing in the fourth quarter of 2026 and recorded the asset, valued at roughly $49 million, as a current asset. Fourth-Quarter outlook. For the fourth quarter, Impinj forecast revenue of $104 million to $107 million, representing 14% year-over-year growth at the midpoint compared with $92.8 million in the fourth quarter of 2025. The company expects adjusted EBITDA of $19.2 million to $20.7 million and non-GAAP earnings per share of $0.55 to $0.60. The company expects a modest sequential decline in endpoint IC revenue, though Baker said the outlook is more favorable than typical seasonal patterns. The forecast includes a return of modest specialty endpoint IC revenue, which the company said is margin accretive after a multiyear period of limited revenue in that category. Systems revenue is expected to decline sequentially in the fourth quarter because certain enterprise deployment schedules shifted later. Baker said the timing could reverse in early 2027, potentially making first-quarter systems revenue relatively flat rather than reflecting the company's usual seasonal decline. Impinj expects fourth-quarter gross margin to rise sequentially, driven by M800 mix and specialty IC revenue. Baker said the company anticipates a gross-margin increase of roughly 100 basis points from the third quarter. Software and food opportunities. Impinj's software remains in beta with lighthouse accounts and is not yet generating meaningful revenue. Diorio said the initial software deliveries are expected to reach general availability in months rather than quarters, though the company is not rushing enterprise-grade software before it is fully hardened. Baker said software's revenue contribution in 2027 is expected to be modest initially. Diorio said Impinj ultimately aims to monetize its full platform, including endpoint ICs, readers, gateways and software, rather than treating software as a standalone opportunity. The company also reported adding a large new food replenishment logo and another food inventory logo during the quarter. Diorio said one direct engagement focuses on improving replenishment and food freshness, with potential use of Impinj's entire platform. He said the company sees an expanding food opportunity for 2027 and beyond, while noting that deployments at large enterprises can take time to ramp. Impinj announced that Aileen Ryan, outgoing president of the RAIN Alliance, will join the company Dec. 1 as chief commercial officer. Ryan will lead lighthouse-account success and the company's solutions go-to-market efforts, including partnerships and solution delivery. About Impinj (NASDAQ:PI). Impinj, Inc NASDAQ: PI develops technology for the Internet of Things (IoT) based on RAIN RFID, a wireless technology used to identify, locate and authenticate individual items. Its platform is designed to connect physical products, packages and assets to digital systems, helping organizations collect real-time information throughout supply chains and business operations. The company offers a portfolio of RAIN RFID endpoint integrated circuits, reader chips, RFID readers and gateways, antennas, and cloud and software solutions. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Impinj, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Impinj wasn't on the list. While Impinj currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Looking for higher dividend income in 2027? Discover seven high-yield dividend stocks with attractive payouts, proven dividend histories and growth potential. Continue following MarketBeat

Impinj expands mobile RFID ecosystem with Qualcomm, MediaTek. US technology company Impinj aims to bring RAIN RFID to more handhelds, rugged tablets and other enterprise devices, backed by chipset support from Qualcomm Technologies and MediaTek. RAIN RFID uses passive ultra-high-frequency signals to identify, locate and authenticate tagged goods. It is based on the ISO/IEC 18000-63 protocol, also known as GS1 UHF Gen2, and is promoted by industry body the RAIN Alliance. AMobile, Bluebird, Chainway, Unitech, UROVO and Zebra are working on devices combining RAIN RFID with barcode scanners, cameras, cellular connectivity and business apps. Qualcomm has integrated RAIN RFID into its Dragonwing Q-6690 enterprise mobile processor. Gen2X is an Impinj-developed extension to the RAIN RFID standard which improves read speed, range, accuracy and security. The company said building support into chipsets could reduce component counts and make devices smaller. The technology is already used in shops, warehouses, factories and healthcare facilities to scan stock and track goods. Impinj sees handheld devices broadening those uses by letting workers collect inventory data while restocking shelves, helping customers or preparing online orders. Changes in a tag's signal can guide staff to a particular item, and Impinj claimed repeat reads can be up to 100% faster. Tests by RFID tag maker Xindeco IoT support Impinj's range claims. Its VersaMini tags placed 3 millimetres from a large metal surface were read from more than 1.5 metres away, which Impinj claimed is over 50% farther than tags without Gen2X. A separate trial covered about 800 health and beauty products. From two metres away, Impinj said Gen2X increased the number counted in ten seconds by more than 70% compared with the earlier Gen2 standard. For order picking, the devices could direct staff to the correct item, confirm the quantity collected and filter out nearby tags. Chip verification could also help check whether the goods are genuine. A representative for Impinj told Mobile World Live Gen2X is widely deployed across multiple manufacturers on more than 50 RAIN RFID readers, mobile devices and printers.